Student Loan Planner

Since March 2020, the student loan pause started a trend of more generosity for borrowers — more generous programs, IDR plans, waivers, PSLF rules and more. But the past couple of weeks have seen judges strike back against many of the student loan initiatives. Learn how a federal judge in Texas struck down the entire student loan cancellation program, how borrowers can benefit from some of the options still out there for student loans, and student loan changes we might see in 2023. In today’s episode, you'll find out: How a federal judge in Texas struck down the entire student loan cancellation program What fueled the attack in the Texas cancellation case The major questions doctrine and how it applies here The impact of the Texas ruling on the student loan payment pause Why student loan payments might not resume in January New rules for bankruptcy and student loans Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

A Texas judge blocked student loan cancellation, effectively stopping it in its tracks. Plus, the midterm elections will have an enormous impact on student loans going forward. Between these two events, you could feel the effects even if you wouldn’t benefit from cancellation specifically. I’m diving into the student loan lawsuits, the temporary pause on student loan cancellation, and what will happen when student loan payments resume.  In today’s episode, you'll find out: Why the Texas lawsuit that blocked student loan cancellation caught many by surprise What happened with the midterms and how it can change student loans going forward Why the Eighth Circuit didn’t rule on the lawsuit before the midterm elections How the injunction helped the Texas lawsuit gain traction Why there’s a temporary pause on student loan cancellation How the lawsuit gained standing to allow the judge to rule on merit Why more groups and private entities haven’t sued over the student loan relief measure How much will student loan defaults spike when payments resume How hard do you go on these programs? Different options the Biden Administration is looking at for student loan forgiveness What the new IDR plan will look like based on the draft release of the rules What’s going on with student loan relief   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan   Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

The new IBR plan is supposed to be available by July 2023, but it might not happen as promised. I’m diving into what’s causing the delay that could push it out until late 2023 or even July 2024. There are also hot developments going on with student loan cancellation, and I’m sharing new strategies coming down the pipeline based on recent announcements. Plus, I’m taking some listener questions. We’ve got a lot to cover… are you ready? In today’s episode, you'll find out: Why commercially-held FFEL loans don’t qualify for Biden’s cancellation The easiest path for someone to sue to block Biden’s student loan cancellation plan When you should NOT apply for the $20,000 cancellation Why the new IBR plan is being delayed and what it means for borrowers When will the new IBR plan be available New strategies for residency and fellowship Best advice for residents and fellows who are single What to do if you’re working for a not-for-profit employer How deferment and forbearance can count in certain cases for PSLF My thoughts about the lawsuit: Do state attorneys general have standing to sue What I think will happen after the election Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

A brand-new set of rules came out, and I’m diving into these urgent student loan updates to give you the inside track of how it can benefit you. It impacts a narrow group of people, but if you’re affected, these most recent changes could be life changing.  In today’s episode, you'll find out: The new rules for the PSLF program that benefits contractors working for PSLF-eligible organizations How Kaiser Permanente physicians can qualify for PSLF What hold-harmless provisions mean for getting credit during deferment or forbearance Decisions people in residency and fellowship must consider to maximize student loans How to get a second shot at the PSLF waiver The importance of consolidating your loans by May 1, 2023 Why the IDR waiver matters for loans before 2010 Updates on the student loan cancellation lawsuit The strategy being used to block student loan cancellation Cancellation lawsuits vs. non-partisan arguments What’s the long-term impact of these student loan changes Could a future president roll back these changes Why you shouldn’t stress if you refinanced your student loan Why focusing on growing wealth can help you be excited about your financial future   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

You only have until October 31, 2022 to take advantage of the PSLF waiver before it expires. But it isn’t too late to apply and get credit! Senior Student Loan Advisor Meagan Landress, CSLP®, and I did a webinar very recently on last-minute application tips for the PSLF waiver, and hundreds of borrowers were there with us. In this episode, we’re sharing the top tips from the webinar to help as many borrowers as possible get credit added to their PSLF payment count up until the last possible moment.  In today’s episode, you'll find out: What has changed with the PSLF waiver What should you do if you have the wrong kind of loans How to consolidate loans for the PSLF waiver Do you have to use the PSLF Help Tool What to do if you can’t get a signature from your employer What’s the timeline for the PSLF waiver The student loan cancellation lawsuits and what it means Whether time worked in public service before you took out loans counts If contract work for the state or government counts towards PSLF When you need to update your income for IDR What are the benefits of PAYE vs. REPAYE Links mentioned:  StudentAid.gov PSLF Help Tool   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan  

The student loan lawsuits, specifically the State of Nebraska v. Biden et al. suit against the Department of Education, are poised to slow down or stop student loan cancellation. I will cover what might happen and why it matters for many student loan borrowers out there. I also have a few random business updates to share, including how to join one of our Facebook groups and where to find resources on our site that go beyond student loan planning. In today’s episode, you'll find out: The lawsuit against the Department of Education that could stop loan cancellation Why I think getting the hearing in front of the Eastern District of Missouri, one of the most conservative districts in the country was intentional The importance of October 23 in student loan debt cancellation Why I think we’ll see a super-generous IDR plan if the cancellation is blocked How you can still take advantage of the PSLF waiver despite the looming deadline How to join one of Student Loan Planner®’s Facebook group for Parent PLUS loan forgiveness, teachers, nurses, and other professions Resource update: Qualify for a doctor mortgage and get a quote for disability insurance right from the site Links mentioned:  Get help for the PSLF waiver Qualify for a physician home loan Get a quote for disability insurance Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Meet Conor Mahlmann, CSLP®, one of our newest consultants as he joins Meagan Landress, CSLP®, and Ben Lacomis, CSLP®. Conor joined the Student Loan Planner team back in May and just hit his 300th consult. The team is covering many topics this week — from the changes we’ve seen, the PSLF waiver, cancellations, and what we hear directly from clients. We’re also jumping into student loan updates, so there’s a lot of ground to cover. In today’s episode, you'll find out: How Conor got into financial planning and what attracted him to student loan planning The most interest student loan strategy case Conor has seen (so far) The skinny on the Biden student loan cancellation What you need to do before October 31 to take advantage of the PSLF waiver Why it’s not too late to benefit from the PSLF waiver How long it takes to get your employment certification form signed When double consolidation makes sense What to expect from the timeline for loan forgiveness and cancellation   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Student loan decision fatigue is real. With so many options, programs changes, temporary waivers, and more, there’s a lot of deadlines to keep track of. What should you be paying attention to? What are you eligible for? Where do you even start? Join me, Sim Terwilliger, CFP®, CSLP®, and Meagan Landress, CSLP®, as we review what you should be thinking about right now. We also share how some borrowers are paying it forward and the best self-care ideas to rejuvenate your mind and body. In today’s episode, you'll find out: Why you need to create an FSA (federal student aid) account right now How to know if (and when!) you should consolidate student loans How consolidation can help your PSLF payment count Crucial student loan deadlines you need to pay attention to When to expect a payment tracker for your IDR payment count What the Biden forgiveness plan could mean for you Why we’re seeing another wave of people getting PSLF forgiveness How to pay it forward to others The best ideas for self care to rebuild yourself What’s coming up next for federal student loans Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Emergency Episode #2   Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

6 Republican led states just filed a lawsuit to block student Ioan cancellation, but this could be much bigger and imperil the IDR waiver, the payment pause, and more.